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20121114
20121114
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that in place we are removing half of the fiscal cliff. >> speaker john boehner offered what he considers a balanced approach generating the revenue from tax reform and entitlement reform. late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he would like to simplify the tax code. mr. obama says he wants congress to act now to extend tax cut for middle class and try to avoid boxing himself in on upcoming negotiation. >> i'm open to come plo mize and new ideas. i have been encouraged for republicans to agree to more revenue as part of the arithmetic if we are serious to reduce deficit. >> the top republican in senate who is a key player in upcoming talks says raising
tax increases one way or another. bill: do you think that flies in the u.s. house? does john boehner have the votes to match that? >> the white house figures he will portray himself as the chapel yofnt middle class and the republicans are going out for the rift and he feels he can largely beat hem into submission. when they sit down to the bargaining table they might make some changes but he will want to come out of these negotiations as having largely won them and leaving scraps for the republicans. what the republicans have to hit back with is the way you increase revenues is by having rising incomes. you don't get that by higher taxes on a weakening economy. bill: the president plans to open the talks using his most recent budget proposal. wasn't that the budget that got zero votes in the senate? >> he's going to exploit it for all it's worth. you could come to an agreement using bowles and simpson and reducing rates so everyone declares victory. you have got more revenue but the rates don't go up. but i don't think the president is interested in that. if you had normal people doi
are at a dinner this evening. hosted by the speaker of the house, john boehner. shep? >> shepard: mike emanuel live on capitol hill. just in to fox news from the o really file? the chief operating officer of the long island power authority or lipa is stepping down in the wake of super storm sandy. this comes on the same day an attorney filed a lawsuit against lipa claiming negligence in the aftermath. and the attorney is seeking class action status potentially including hundreds of thousands of long island customers who, in some cases have had no power for two weeks. the feds say only about 25,000 customers in the storm zone are still in the dark only. certainly a major improvement since just yesterday when the number was three times that. but today as the new york city mayor michael bloomberg pointed out that figure does not include tens of thousands of homes and businesses that are destroyed or too badly damaged for crews even to restore electricity. >> the majority of new yorker who's remain without power do so not because the utilities can't provide power on the street but because necessar
that john boehner reportedly offered him when they were trying to avoid the fiscal cliff last summer. one wonders whether, given that he just re-won the white house -- the president thinks he's in a better position to convince john boehner? reporter: well, it will be interesting to see. there has been talk that he might start on the campaign trail again. he might hold rallies after thanksgiving. saying that we need to war money from the people that make a higher income. this is back in august of 2011, part of the debt deal negotiations. that is what blew up those talks. the idea of 1.6 billion -- things will change. but as of right now, that would be an absolute nonstarter among senators on capitol hill. megyn: these republicans, many of them were reelected. i am to say that they have a mandate from their constituents to keep doing what they have been doing. particularly in not raising taxes, which is such a thorny issue over the past few years. notwithstanding the fact that when you survey the majority of americans, they want to see taxes go up on the rich. the question is whether the r
for corporations and wealthy, double the amount that john boehner offered during negotiations next year. next, $120 billion. that's how deep in debt the federal government is. this puts us on track for the fifth straight year of a $1 trillion plus straight deficit all under president obama. 40 years, france having its worst champagne crop in four decades because of bad weather? but it shouldn't hurt bubbly supplies. at least for this new year. brian? >> brian: attorney general eric holder knew this past summer that the c.i.a. director, david petraeus, was part of an f.b.i. investigation into him. the white house claims they knew nothing until after the election. listen. >> how is it that the white house didn't have any idea of this until the day after the election? >> well, i would refer you to the f.b.i they have, as i understand it, protocols in place for when they notify the legislative and executive branches. it's simply a fact that the white house was not aware of the situation regarding general petraeus until wednesday and the situation regarding general allen until friday. >> brian: the prot
Search Results 0 to 4 of about 5